In my case, there is a newly incorporated private limited company (1 year Completed) which consist of :
1. Director - A (holding 51% share)
2. Director - B (holding 49% Share)
3. Director - C ( not a shareholder)(appointed as director recently)
** Authorized Capital =Rs.15 Lakhs and Paid Up Capital = Rs.2 Lakhs **( Rs.10 per Share)
Since Director-A is negligence in his work and due to some other reasons , the other two directors is decided to remove him from the company.
And my question is:-
1. Is it possible to remove Director -A by the other two directors?
2. Is it possible to remove Director -A without his Consent?
3. Is it possible to increase Paid up Share Capital , without the approval of Director-A?
So that, Director - B and Director-C can contribute more and hold the majority shares.
It may helpful for taking actions without the consent of Director-A.
So, kindly guide me with the references and help me to solve this case.
Dear All,
As per Amendment, Section 165 (Number of Directorships) of Companies Act, 2013 is made applicable to LLPs w.e.f. 1st April, 2022. My query is that the limit of 20 companies is different for LLPs and Companies? i.e. 20 Companies and 20 LLPs?
For e.g. If a person is Director in 8 Companies and Designated Partner in 15 Companies, will it be considered as violation?
Also need clarification whether Body Corporate DP Nominee will be counted in the number of Directorships? i.e. If Body Corporate is Designated Partner and person is Authorised Person, will that be counted or not?
directorship
number
Dear all,
Kindly provide me the process & compliance for appointment of director in NBFC.
nbfc
director
appointment
Hello Friends,
Can someone throw some light on the concept of liabilities of directors as individuals of those companies which are covered under section 7 of IBC.
Kindly also guide as to which extent a director’s personal assets comes at stake.
Dear All
Anyone has done the Appointment of a director in case the number of directors falls below the statutory limit?
If yes, can anyone share the procedure and draft documents for the same.
It will be a great help.
director
appointment
Dear all,
Can NBFC give loans to its directors. I have consented for the same. Please advise any contrary views urgently, if any.
Hi all,
Kindly help me resolve the query
An Executive director was appointed for a tenure of One year(in a listed entity) which is expiring today.
If we wish to retain him, how we can do that.
director
executive
reappointment
Hi,
In Private co, can one Director A (who is also holding 98% equity) remove Director B (who is holding 2% equity) without his consent.
I mean one director (A ) wants to remove another director(B) without his (B) consent and appoint someone else in his position. Can this be done ?
Dear all,
Can NBFC give loan to its directors. I have consented for the same. Please advise any contrary views urgently, if any.
Dear Fellow Professionals
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Dear All,
If Loan taken from director who is also shareholder in case of private company doe it required to pass board resolution ? or any other compliance is there?
Dear all,
In form AGILE PRO+, while providing Director's contact details, is it mandatory to give the information as provided in DIR-3 KYC or other phone number belonging to the same Director can be provided there, without making any changes in his DIR-3 KYC?
Please advise.
